Jump to content
House Price Crash Forum
onesmallstep

Indian Megaprojects

Recommended Posts

Stumbled across this thread while looking at pictures of the new Indian F1 track.

OMG

1$ trillion and counting, this country doesn't even realize what it's up against, it's pathetic.

still let's hope house prices drop heh. :huh:

Share this post


Link to post
Share on other sites

I visit that thread to lurk and find out where Indian development is.. I visit about once a month.

India has finally figured out how you develop as a nation. Its through mass industrial projects, that get industrial scale productivity. If they keep it up, soon poverty will be on the decline in India, like is happening in China.

Actually many developing nations have figured it out, and are in the process of industrializing now. You aren't going to do it with tourism and wind power. You need mega scale coal plants feeding mass industrial facilities like steel mills and chemical plants.

Share this post


Link to post
Share on other sites

Dont be silly - we send them millions in aid they're poor people really.

Look at the amounts in development and we still are sending aid to them, even this country can't afford it, yet we still give them money that is needed in this country.

Share this post


Link to post
Share on other sites

Whereas we are really rich, what with all the debt we've got! ;)

Yes, that's how we'll stay rich, by borrowing and giving it to poor nations. That way, they won't bother to borrow and will stay poor. We'll stay rich, hurrah!

Share this post


Link to post
Share on other sites

Stumbled across this thread while looking at pictures of the new Indian F1 track.

OMG

1$ trillion and counting, this country doesn't even realize what it's up against, it's pathetic.

still let's hope house prices drop heh. :huh:

Why "against"? Their development doesn't "subtract" from us. The world's wealth is not a zero sum game. Quite the opposite, if the global economy grows it will be easier for us to recover economically, than if the rest of the world is also in recession, or slow growth.

Their development is good news, not bad news. Same for China's development.

Share this post


Link to post
Share on other sites
<br />Stumbled across this thread while looking at pictures of the new Indian F1 track.<br /><br /><a href='http://www.skyscrapercity.com/showthread.php?t=1259909' class='bbc_url' title='' rel='nofollow'>OMG</a><br /><br />1$ trillion and counting, this country doesn't even realize what it's up against, it's pathetic.<br /><br />still let's hope house prices drop heh. <img src='http://www.housepricecrash.co.uk/forum/public/style_emoticons/default/huh.gif' class='bbc_emoticon' alt=':huh:' /><br />

"The World Bank recently estimated that 456 million Indians (41.6% of the total Indian population) live under the global poverty line of US$ 1.25 per day."

"India is home to over 300 million people who are chronically hungry"

"A recent article by Janson states that one million people starve to death annually in India."

The starvation of millions in India over so many years, under the formal (or pseudo) democracy of huge India cannot be excused as unintended, or accidental or attributed to merciless forces of Nature.

The United States has held more military exercises with India in the past year than any other country, and U.S. firms Boeing and Lockheed Martin Corp are bidding for a $11 billion deal for 126 fighter jets."

FRANCE 24 , 11/6/10,

"The list of various deals for military aircraft, artillery guns and other equipment currently being negotiated is a long one, "Ten Boeing C-17 aircraft. Four more P-8I aircraft. Possibly six more C-130 J aircraft. The F/A-18 Super Hornet and the F-16 are being offered to India in the MMRCA jet fighters tender .

Deals expected to be completed in the coming days total at least eight billion dollars. Adding to that the so-far undecided contracts for fighter jets, that figure could well go up to at least 20 billion dollars - and counting."

http://www.opednews.com/populum/print_friendly.php?p=Merchant-of-Death-Obama-Se-by-Jay-Janson-101108-946.html&c=a

Share this post


Link to post
Share on other sites

Why "against"? Their development doesn't "subtract" from us. The world's wealth is not a zero sum game. Quite the opposite, if the global economy grows it will be easier for us to recover economically, than if the rest of the world is also in recession, or slow growth.

Their development is good news, not bad news. Same for China's development.

No it isn't because we won't be able to compete.

The worlds wealth is a zero sum game we are sat on our arses while they are long gone.

Now imagine a small manufacturer against a multinational corporation, economies of scale and all that, the small company will soon go out of business unless it produces something special.

Don't forget, they probably have shed loads of natural resources to fall back on whereas...

We had the I.P. lead 40 years ago now we are followers and as such are destined to be slaves.

Share this post


Link to post
Share on other sites

No it isn't because we won't be able to compete.

The worlds wealth is a zero sum game we are sat on our arses while they are long gone.

Now imagine a small manufacturer against a multinational corporation, economies of scale and all that, the small company will soon go out of business unless it produces something special.

Don't forget, they probably have shed loads of natural resources to fall back on whereas...

We had the I.P. lead 40 years ago now we are followers and as such are destined to be slaves.

Soon after the industrial revolution here the English had the same fears when Europe and the USA started to industrialise. Then Japan, then the Asian Tigers, now the BRICs, etc. Development has been spreading for 2 centuries. It will continue. It is a good thing, a very good thing.

Share this post


Link to post
Share on other sites

Soon after the industrial revolution here the English had the same fears when Europe and the USA started to industrialise. Then Japan, then the Asian Tigers, now the BRICs, etc. Development has been spreading for 2 centuries. It will continue. It is a good thing, a very good thing.

Provided we never end up in a position where we are competing for raw materials and energy, I agree.

We should get richer in absolute terms and poorer by contrast*.

(*assuming we can mechanise all processes currently conducted by slave-wage workers in developing countries)

Share this post


Link to post
Share on other sites

India - one of the most corrupt (Elites downwards) countries in the World

(leadership on a par with Stalin, lop-top and Mao forcing millions to starve to death)

Do they deal with your bank accounts?

5 June 2011 http://www.guardian.co.uk/world/2011/jun/05/india-yoga-guru-corruption-protest

Indian police have used teargas and batons to break up a mass anti-corruption protest led by India's most famous yoga guru, in the latest high-profile clash between authorities and campaigners.

At least 30 people were injured, several seriously, in chaotic scenes in the capital, Delhi, after talks between the government and the saffron-robed guru Swami Ramdev to end the protest broke down.

Just as senior government figures appeared on TV threatening "firm action", police appeared and started to disperse tens of thousands of demonstrators, many from rural areas or small towns, who had gathered under tents in the centre of the capital. Some of Ramdev's supporters threw stones at police.

Ramdev, who rose from a humble background to run a £20m empire of ashrams and alternative medicine, was arrested while trying to disguise himself in women's clothing, and was flown to the northern city of Haridwar, where he has his headquarters.

"You could not imagine a government handling it more clumsily," said Professor Jayati Ghosh, a respected Indian analyst and economist.

Ramdev, whose television channel draws audiences of up to 30 million and whose international network of ashrams includes one on a Scottish island, had begun fasting "unto death" on Saturday morning.

The incident is likely to further embarrass the ailing government of the prime minister, Manmohan Singh, and fuel broad public anger over a series of corruption scandals.

Corruption has long been a problem in India. Paying small bribes is a part of everyday life and senior ministers, bureaucrats, military officers and other officials are repeatedly found to have made vast sums illicitly.

The issue has become a focus of frustration with the current government, a coalition led by the Congress party. One recent scam may have cost the country as much as £25bn.

Share this post


Link to post
Share on other sites

(Bonnie Prince) Ramdev also does an escape act - seems to be a recurring 'thang' down the centuries!

ASH-rams on a Scottish Island - well I never! :)

S-ASH

Edited by erranta

Share this post


Link to post
Share on other sites

Provided we never end up in a position where we are competing for raw materials and energy, I agree.

We should get richer in absolute terms and poorer by contrast*.

(*assuming we can mechanise all processes currently conducted by slave-wage workers in developing countries)

Yes, I agree with you, in general.

Regarding raw materials, the planet is huge though, really big, gigantic, enormous. No problem there.

Energy: we must find a cheaper way to get solar energy, and other sustainable sources. But since we have enough oil for a few decades, we should be able to do it. Though we should be putting more money into research.

Richer in absolute terms is good enough for me.

The "slave labour" fear also happened in the XIX century, with America and Western Europe, and in the XX with Japan and Asian Tigers. When countries develop wages go up fast. It is already happening in China.

Development is a good thing.

Edited by Tired of Waiting

Share this post


Link to post
Share on other sites

Yes, I agree with you, in general.

Regarding raw materials, the planet is huge though, really big, gigantic, enormous. No problem there.

Energy: we must find a cheaper way to get solar energy, and other sustainable sources. But since we have enough oil fore a few decades, we should be able to do it. Though we should be putting more money into research.

Richer in absolute terms is good enough for me.

The "slave labour" fear also happened in the XIX century, with America and Western Europe, and in the XX with Japan and Asian Tigers. When countries develop wages go up fast. It is already happening in China.

Development is a good thing.

its only a good thing if you are doing the right things.

Share this post


Link to post
Share on other sites

I'm still rather unconvinced what the end product is for these mega projects.

The era of the west being the ultimate main customer is drawing to an end and I cannot see an emergence of a middle class in these developing countries stepping into those shoes.

Share this post


Link to post
Share on other sites

Regarding raw materials, the planet is huge though, really big, gigantic, enormous. No problem there.

Provided resources are effectively infinite as you suggest, we can look forward to a future of low metal/mineral/fuel costs indefinitely. Which will be fantastic.

I believe this is contentious though Linky Linky

The "slave labour" fear also happened in the XIX century, with America and Western Europe, and in the XX with Japan and Asian Tigers. When countries develop wages go up fast. It is already happening in China.

Indeed. But when we run out of countries with available slave labour we will need to mechanise those roles or see our standard of living fall. As I expect you will point out.. we still have Africa to go yet.

Development is a good thing.

I agree that technological development is a good thing.

Share this post


Link to post
Share on other sites

Stumbled across this thread while looking at pictures of the new Indian F1 track.

OMG

1$ trillion and counting, this country doesn't even realize what it's up against, it's pathetic.

still let's hope house prices drop heh. :huh:

...who needs that steel...?... :rolleyes:

Share this post


Link to post
Share on other sites

Construction industries in emerging markets? :unsure:

..who is buying from them right now...currently a China problem....world capacity is a fine balance ...Carnegie was in the right place at the right time.... :rolleyes:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.